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STM Automotive LLC

Aspen, CO · General Automotive Repair · NAICS 811111

STM Automotive LLC is a general automotive repair business in Aspen, Colorado, classified under NAICS code 811111. The company was financed with an SBA 7(a) loan for a change of ownership of $1.22 million, approved November 1, 2024, through Port 51 Lending LLC.

SBA 7(a) loan, change of ownership, approved Nov 1, 2024

$1,220,000 approvedLender: Port 51 Lending LLC10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,220,000
SBA-guaranteed amount
$915,000 (75% of the approval)
Lender
Port 51 Lending LLC, New York, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
November 1, 2034 (estimated, approval date plus term)
Estimated monthly payment
$16,633 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 8, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Pitkin County, CO
SBA district office
Colorado District Office
Congressional district
CO-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 56% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Colorado: $1,608,658.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Colorado